Financial scam detected in planned KSRTC township
Team Udayavani, Jul 12, 2021, 2:32 PM IST
Bengaluru: The Registrar of Cooperative Societies has reportedly found a scam of more than Rs 10 crore in the KSRTC Employees’ Cooperative Housing Society (KECHS) township planned to be built in Nelamangala.
The KECHS proposed to build a township – Sarige Nagar – for its members.
An agreement was signed between the KECHS, the Karnataka Housing Board (KHB) and Supreme Associates, a company contracted to purchase the 110 acre land for KHB and develop the township, in 2006.
However, new office-bearers in 2011 transferred about Rs 14 crores to Supreme Associates and the company only transferred only 72 acres to KHB.
It was learnt during the investigation by the Deputy Registrar of Cooperative Societies, N Venkatesh, that the then president of the KECHS Manjunath’s brother Lakshminarayana was a partner in the company.
Additionally, in a separate case registered at the Wilson Garden police station, the investigation found that a little more than 5 acres of the land is registered in the name of another partner in the company.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Kundapur: Several injured after insulator truck rams into Innova car on NH-66
Only ineligible BPL cards cancelled: Dinesh Gundu Rao
Fraudsters create fake FB profile misusing Udupi DC’s identity, case filed
Investigation begins into Naxal Encounter; Where did the others escape?
Geethartha Chinthane 101: Understanding of universality eases grief
MUST WATCH
Latest Additions
Kundapur: Several injured after insulator truck rams into Innova car on NH-66
Only ineligible BPL cards cancelled: Dinesh Gundu Rao
Fraudsters create fake FB profile misusing Udupi DC’s identity, case filed
Investigation begins into Naxal Encounter; Where did the others escape?
Mumbai terror accused Rana approaches US Supreme Court to challenge extradition to India
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.